Update on Eagle Lake Project
Gunsynd Plc has announced an update on the Eagle Lake Gold Project, in which it holds a 10 per cent. interest through Wedgetail Mining Corp. Talon Resources Plc, the majority owner, will commence a maiden diamond drilling programme of 1,375m in early September 2026, expanded from an initial 1,000m scope due to strong Phase 1 channel sampling results, which included significant gold grades such as 1.85m at 7.17 g/t Au. The programme is fully funded and permitted, with drilling managed by Critical Discoveries Corp. and Rodren Drilling Ltd. as contractor.
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Gunsynd (AIM: GUN) notes a Corporate update from Talon Resources Plc (AIM:TAR).
Talon holds a 90 per cent. interest in Wedgetail Mining Corp. ("Wedgetail"), with the remaining 10 per cent. interest held by Gunsynd plc. Wedgetail is the registered holder of the mining claims comprising the Eagle Lake Gold Project.
The relevant extracts from Talon Resources' announcement are reproduced below without material amendment:
OVERVIEW
Maiden diamond drilling programme of 1,375m due to commence in the first half of September 2026, comprising 11 holes across five pads at four priority target areas:
o East Fornieri Bay - four holes
o West Fornieri Bay - two holes
o Cedar Trench - four holes
o Moss Knoll - 1 hole
- Programme accelerated (from Q4 2026) to now and expanded from the initial 1,000m scope to 1,375m following the strength of Phase 1 channel sampling results (RNS: 22 July 2026) - results included:
o 1.85m @ 7.17 g/t Au, including 0.50m @ 24.40 g/t Au (East Fornieri Bay)
o 4.80m @ 4.47 g/t Au, including 1.00m @ 19.10 g/t Au (East Fornieri Bay)
o 5.70m @ 1.26 g/t Au, including 1.70m @ 3.15 g/t Au (Cedar Trench)
o 10.10m @ 0.57 g/t Au, including 2.50m @ 1.53 g/t Au (Cedar Trench)
o 8.00m @ 0.67 g/t Au, including 3.20m @ 1.10 g/t Au (Moss Knoll)
- MINML's proprietary PRISM machine learning platform has been applied to Phase 1 results and historical data to refine target selection and optimise drill hole placement.
- Programme fully funded and permitted with drilling to be managed by Critical Discoveries Corp. and Rodren Drilling Ltd. as contractor
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.